Enky Review: I Invest €3,000 in Rental Furniture

Summary

Pros of Enky

• Monthly payments directly to your bank account
• No fees for investors
• Unmatched protections

Cons of Enky

• Light track record on its "Invest" activity launched in 2024
• No secondary market
• The minimum ticket of €500 is not the most accessible, but it seems fair to us for an effective business model.

Context

I met Thomas Virolle, Head of Invest at Enky, in early 2025 during an event co-organized by Aktionnaire and Sowefund. His presentation initially surprised me and made me skeptical because I had difficulty envisioning their concept. It was the first time I had heard a company tackle the theme of furniture as an alternative investment.

Curiosity took over. I took the time to explore the platform, right at the moment it started being mentioned in several media outlets that I read regularly. And, as I continued my research, my skepticism turned into serious interest.

After reading this analysis, you will understand why I consider Enky a direct competitor to Enerfip for the title of best alternative assets platform.

Enky and Enky Invest, what is it?

Enky, furniture rental for professionals

Enky is a subscription-based furniture solution designed for businesses: offices, hotels, restaurants, and other workplaces. The team selects high-end pieces, whether new or vintage, for their durability over time: robust materials, easy maintenance, repairability, and responsible sourcing. The furniture is rented to clients, then refurbished at the end of the contract before being rented out again. A true model of circular economy in furniture.

Among the clients, there are both start-ups and large groups, including Natixis and the BPCE group, who wish to avoid tying up cash for the purchase of furniture.

Enky Invest, financing of rental furniture

In 2024, to accelerate its growth, Enky is launching Enky Invest to allow individuals and professionals to participate in the financing of projects secured by Enky starting from an investment of €500.

Enky's funds for purchasing new furniture to rent are not unlimited, so they organize a crowdfunding campaign for each project to raise the necessary funds for its realization.

Each online operation corresponds to a real furniture rental project. The investor finances a portion of the necessary stock and receives a monthly share of the rents collected during the agreed period. Enky takes care of everything else: selecting the pieces, contracting with the tenant, invoicing, maintenance and refurbishment, and then re-renting at the end of the first cycle.

The duration of each operation varies between 12 and 48 months with the possibility of renewing your commitment to the project at the end of the period. 

To date, the platform claims over 3,500 investors, more than €6.5 million invested, and over 110 furnished projects. With new projects every week, these figures are likely outdated by the time you read this.

How does Enky work?

When a client is interested in Enky's leasing services, its subsidiary Enky Invest comes into action. For each case, an independent company is created specifically to finance and hold the furniture, sign the lease agreement with the client company, and facilitate this tripartite relationship. This has many advantages, such as separating transactions from Enky's accounting, preventing issues on one project from impacting other cases, and so on.

Investors therefore receive bonds issued by this intermediary structure to finance the purchase of inventory. The rents charged to the client, along with logistics, maintenance, and insurance services, then feed the cash flow of this company, which subsequently pays the interest and then reimburses you at maturity.

In practice, Enky aims for about 60% net margin per project, which allows for a target return of 7 to 9% for investors. This is made possible by the discounted purchase of parts, typically 30 to 50% of market price, and the high usage rate due to refurbishment and relocation at the end of the cycle.

Fundamental analysis of Enky

Is Enky legit?

The offers from Enky are provided through Enky Finance and Assets SA, a company registered with the Nanterre Trade and Companies Register since October 2024, with its headquarters located in Levallois-Perret, which establishes the activity under French law.

Regarding fundraising, Enky indicates that it will issue bonds to the public under the regime for offers below €8 million as provided by Article L411-2 of the Monetary and Financial Code, with the filing of a Synthetic Information Document (SID) with the AMF. The filing of a SID is an information requirement and does not constitute a "visa" or approval of a prospectus by the AMF, which is normal under this simplified regime.

For Belgium, Enky mentions an Information Note filed with the FSMA (the local regulator) for its offerings distributed to Belgian investors. The Information Note aims for the same transparency objective as the DIS in France.

Finally, the platform's payments are processed by Revolut, a payment institution authorized by the ACPR in France, and the leaders of Enky Invest declare that they hold AMF certification, which provides additional procedural guarantees regarding the flows and operational compliance.

Profile of Enky's founder

Aïssa Laroussi is a Belgian entrepreneur rooted in Brussels, accustomed to B2B environments and regulated markets.

The major milestones in his career:

Founder of Genisys

In 2006, he created this telecom player for the B2B market, which reached about 150 employees in less than two years. The project was caught up by the 2008 crisis, which brought an end to its hyper-growth. Despite this setback, it was not until 3 years later that the company closed its doors. A sign of his perseverance and determination.

Founder of Ebedex

In 2012, he founded Ebedex and took on the role of CMO of this company that helps SMEs finance their working capital needs. Two significant fundraising rounds of €800k in 2014 and then €3M in 2015 added excitement to this adventure. After nearly one billion euros financed on the platform, Aïssa sold his shares through a buy-out after five years of operation. The company is still active in 2025, a sign of the solid foundations he helped to build.

Board member of Talundra

In 2018, he joined the board of a start-up in the fashion industry that aims to democratize a local and committed know-how. A more modest project that struggled to counter the wave of "fast fashion" and came to an end in 2021. Nevertheless, this experience reflects his values, his interest in local craftsmanship, and more sustainable supply chains.

Founder of Enky

Enky has already navigated the Covid crisis and the rise of remote work, two shocks that have reshuffled the landscape of space management, but without diverting the company from its course. One can almost already speak of a success for its leader.

Is Enky reliable?

Usually, when a company promises more than 7% return, zero fees, and secured capital, I advise to steer clear. Here, the situation is different. The return comes from a real activity of renting professional furniture, thus from rents paid by client companies.

The zero cost for investors is offset by the services charged to tenants: logistics, maintenance, insurance. And the circular loop of the model (renting, repairing, re-renting) improves the margin over time.

Reliable does not mean risk-free. There is no legal guarantee of capital, and the investment remains illiquid until maturity, with performance depending notably on the occupancy rate, proper operational execution, and the risk of client default.

The initial public feedback is good: Trustpilot shows a rating of 4.6/5, based on 22 reviews, which, while not absolute proof, confirms a positive user experience.

Alternatives to Enky Invest

To our knowledge, there is no other platform available to French investors that allows for co-financing a stock of professional furniture and being directly compensated through the generated rents.

Enky also confirmed to us that they do not have a direct competitor with the same funding model.

We remain vigilant and will update this article if a real competitor emerges.

What returns to expect on Enky?

My operations

Since July 2025, I have allocated €3,000 across 6 projects, which is €500 per project. Five of them are for 12 months, one for 24 months. The announced returns are 7% and 7.5%.

To project yourself, a full year with €3,000 invested at 7.5% would represent €157.5 in net interest per year. This amounts to €225 minus 30% Flat Tax (PFU) deducted directly at the source. In practical terms, you would receive €13.125 every month in your bank account.

I plan to continue investing about €500 per month, while temporarily reducing my allocations on other platforms to observe the results they are capable of generating.

My performance

The rents are paid every month. I have already received €18.54 gross out of the €255 that I am supposed to receive from my investments. The rest of my tickets start on different dates, which spreads the coupon flows over time.

Overall platform performance

The projects proposed by Enky announce gross returns between 6.5% and 9%. If you are French and taxed at the flat tax rate of 30%, the observed range is therefore between 4.5% and 6.3% net. Your personal tax situation may affect this figure.

The rates vary according to the quality of the client's file, the duration of the commitment, and the profile of the tenant (restaurant, hotel, business, etc.).

The longer the term, the more your target return rate increases. For your information:

• 12 months: 7 %

• 24 months: 7,5 %

• 36 months: 8 %

• 48 months: 8,5 %

According to the records, you can choose the duration at the time of subscription. At any time, it is possible to renew your commitment for a longer duration.

Risks

Enky Invest has little usable history regarding its investment activity. The main risks to consider are as follows:

• Rental vacancy between two contracts or slower turnover than expected.
• Significant degradation, breakage, or obsolescence of furniture, resulting in additional costs.
• Default of payment by a tenant.
• Error in estimating the residual value at the time of resale or relocation.
• Operational risk related to sourcing, logistics, refurbishment, and after-sales service.
• Risk of concentration if you invest in too few projects.
• Regulatory and tax risk in the event of changes to the applicable frameworks.

To limit these risks, Enky Invest has implemented certain guarantees.

Guarantees

An independent company is created specifically for each operation. This dedicated company holds the assets and contracts, and the bond investors are the only senior creditors. In the event of Enky's difficulties, the liquidators cannot seize these assets to repay any external debts.

Furthermore, if a project is interrupted along the way, Enky continues to pay the interest, quickly searches for a new tenant, and if re-renting is impossible, refunds the entire invested capital.

Enky also assumes 100% of the risk of default from the tenant client. In other words, even in the event of non-payment by the client company, the monthly payments owed to investors are still made, except in the case of the issuer's default.

If that wasn't enough: 

• The financed furniture is pledged, meaning it is given as collateral for a market value at least 30% higher than the corresponding investment share (approximately 130% coverage).
• The rents are secured with a 20% margin of safety. This means that a portion of future rents is set aside to prioritize your repayment, with an additional reserve to absorb unforeseen events.

These protection contracts are housed in the dedicated structure, which continues even if Enky were to cease its activities.

Liquidity

Enky does not have a secondary market, your investment remains locked until the contract's maturity date, with no possibility of early withdrawal. Only invest what you do not need before the term.

Fees and taxation

Fees

No entry costs or "hidden" fees for investors. Enky's compensation comes from rents and services charged to its professional clients.

Taxation

Individuals (French tax residents)

By default, interest is subject to a flat tax rate (PFU) of 30%, withheld at source and automatically pre-filled in your declaration. The PFU consists of 12.8% income tax and 17.2% social contributions.

Legal entities

Interest is recorded as financial income and included in taxable income. They are subject to corporate tax or income tax depending on your status. Social contributions do not apply to companies subject to corporate tax.